Tech Companies
Bleeding Red Ink
Pursue IPO Gold

Technology companies that bleed red ink are once again lining up to go public -- and once again finding plenty of takers.

A number of unprofitable tech companies have launched initial public offerings in U.S. capital markets since the beginning of 2006, and more than half the tech companies now in the IPO pipeline are in the red. The trend recalls the dot-com boom of the late 1990s, when deeply unprofitable tech concerns -- often with no clear business models -- were snapped up by eager investors as soon as they hit the market.